welp this trading day just took a dump
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Last: 6 min ago by Heineken-Ashi
Sorry. I sold a put for a loss and then things went down
If you wanted to be bold and start layering back into TSLA, this would be the very first place to do so. Just know, it is likely to come lower. I'm still waiting while holding TSLZ.
Heineken-Ashi said:Well Apple's AI is absolute garbage. There's a whole reddit community dedicated to posting fails from it. They have a looooonnnggg way to go.BucketofBalls99 said:El Chupacabra said:
AAPL having a nice day so far
Yes, appears they teamed up with Alibaba on an AI partnership
Is Apple's AI different from the AI they are already including on their new phones? Because I thought I read somewhere they were currently just licensing Chat GPT. Could absolutely be wrong about that.
Ditching TSLL for the write off and will add TSLA
just got stopped out on several holds. ouch.
I honestly don't know. If you find out, I'd love to know.Definitely Not A Cop said:Heineken-Ashi said:Well Apple's AI is absolute garbage. There's a whole reddit community dedicated to posting fails from it. They have a looooonnnggg way to go.BucketofBalls99 said:El Chupacabra said:
AAPL having a nice day so far
Yes, appears they teamed up with Alibaba on an AI partnership
Is Apple's AI different from the AI they are already including on their new phones? Because I thought I read somewhere they were currently just licensing Chat GPT. Could absolutely be wrong about that.
Did T mention the T word?zgolfz85 said:
welp this trading day just took a dump
zgolfz85 said:
welp this trading day just took a dump
I need a bigger dump for my puts
El Chupacabra said:Sorry all. If everyone Venmos me $500 I'll sell and POWL will be $350 by Valentine's day!El Chupacabra said:I sent a trillion dollar company to multi year lows buying a few shares. You have no idea how much wealth I can destroy buying 100 shares of a $3B company!bmoochie said:
Are we rich from POWL yet??
I just don't know how this isn't a screaming "go all in on Powell" scenario. Very positive earnings, low RSI, strong outlook… the only negative is the downward price momentum. Crazy
I want Powell to add a little bit of leverage and cut down some of their backlog then really try to turn datacenter buildout into another revenue stream since it's such a low percentage total revenue so far. From what I gather, that's not how they roll. However, I will stay invested and add more.
IMO, not adding leverage would position them as best in class should we have a legitimate correction. I'd prefer they stick to strong performance, sound management, and not changing what's working. The stock will have its corrections. It's STILL not even below the RSI mid-line on weekly candles. It takes time to digest generational type moves like that it did last year. Leveraging at this point is what bad operators do like BTC miners and gold miners. When you see a company add leverage near ATH's in a bull market that is extremely overbought, it's a sign that they view it as their ONLY path to higher stock price.Chef Elko said:
I want Powell to add a little bit of leverage and cut down some of their backlog then really try to turn datacenter buildout into another revenue stream since it's such a low percentage total revenue so far. From what I gather, that's not how they roll. However, I will stay invested and add more.
The new manufacturing facility goes online within the next 6 months, according to their CC last week. That should help them address their backlog.Chef Elko said:
I want Powell to add a little bit of leverage and cut down some of their backlog then really try to turn datacenter buildout into another revenue stream since it's such a low percentage total revenue so far. From what I gather, that's not how they roll. However, I will stay invested and add more.
Yeah and I think they are run that way, for better or worse, due to the majority of their revenue tied to oil and gas companies. They have seen many booms and busts operating out of Houston for all these years and have survived with low leverage.
Want to be clear, I don't disagree with you on leverage. I just disagree on adding leverage NOW. I'd rather them sit on cash and wait out any potential storms. If things are fine, they won't need leverage. If not, then wait for the storm to pass and potentially add manageable leverage at lower rates.Chef Elko said:
Yeah and I think they are run that way, for better or worse, due to the majority of their revenue tied to oil and gas companies. They have seen many booms and busts operating out of Houston for all these years and have survived with low leverage.
TSLA - I'm sitting on 20% gain TSLZ. Didn't advise it, because I was expecting TSLA to move a little higher before dropping. It was a starter position that took off. But once we get sign of a low in place, I will wait for confirmation and likely enter TSLL looking for TSLA $340-$360 on a rebound. Will use a trailing stop if it performs as expected, not trying to time max gain. I fully expect that bounce to get sold to one more low. And it THAT happens, as of now, that's where I would add shares AND a larger TSLL position.
you mentioned $285 as the next resistance earlier. You still waiting for that to go long again?
That's the DEEPEST I would let it get before turning bearish. I don't see it going beyond that as of now. But below around $320, and I'll be on bottoming alert.Diggity said:
you mentioned $285 as the next resistance earlier. You still waiting for that to go long again?
And again, this low $330 range is a great place to add a starter position. TSLA is one of those stocks that tends to "not complete" it's clean and expected full-sized moves. I'm willing to wait until a solid rebound that isn't overlapping off a bottom before I add shares. I can play TSLL in and out with tight stops.
Last thing on Powell others may have input on. I would expect increasing datacenter business would allow them to trade at higher multiples vs their traditional oil and gas business. I have not done any DD on this but generally tech/AI focused businesses will trade at higher multiples than oil and gas / oilfield service companies do.
got it. thanks.
I tend to think of the post election runup for TSLA as mostly noise, so it wouldn't shock me to see it return to around those levels.
I tend to think of the post election runup for TSLA as mostly noise, so it wouldn't shock me to see it return to around those levels.
Just got stopped on TSLZ. On short-term bottoming alert now. Let's see if we can get a solid move up.
we call that the "WeWork Strategy" (or Living+)
What a weird start to the year.
Extreme volatility where it seems like every dip gets bought, and yet we keep giving it all back within a few days.
Extreme volatility where it seems like every dip gets bought, and yet we keep giving it all back within a few days.
They needed more WeWorking it up in the earnings call and drop more AI/Blockchain etc. references to really pump it up
For you degenerates - Watching for TSLL $17.62 to hold. If so, will buy a start position with plan to add tomorrow if things stay productive. Could be lucrative.
Other than that Mrs. Lincoln....Quote:
the only negative is the downward price momentum.
Zoomed out on TSLA - blue is primary expectation. Orange is alternate showing this correction off ATH lasting deeper into the year.
I've been staring at that for 5 minutes and don't understand
That's ok. It took me years. The whole point is that TSLA can get deeper and still be very bullish this year and possibly into next.Diggity said:
I've been staring at that for 5 minutes and don't understand
tysker said:Other than that Mrs. Lincoln....Quote:
the only negative is the downward price momentum.
It's merely a flesh wound.
In on TSLL - stop $17.60 highest and $17.40 lowest. Target $19.65 - $21.50 range.
$POWL has 46 manufacturing shop jobs posted for Houston location posted in the last few weeks so they look to be ramping up the labor. They are for wireperson, material handler, MIG welder, etc. Also noted that the hours are overnight on some posting so running multiple shifts.
I vote ProgN for the overnight shift. We need you doing the manual labor to guarantee success rather than playing tummy sticks with your lady friend.AgCPA95 said:
$POWL has 46 manufacturing shop jobs posted for Houston location posted in the last few weeks so they look to be ramping up the labor. They are for wireperson, material handler, MIG welder, etc. Also noted that the hours are overnight on some posting so running multiple shifts.
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